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BTC $72,397.91 -1.77%
ETH $2,243.31 -3.15%
BNB $657.58 -1.20%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $456.90 -3.48%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9916 -2.04%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

bts

Aster CEO responds to market doubts and announces development roadmap

Aster CEO Leonard has officially responded to the recent ongoing FUD (Fear, Uncertainty, and Doubt) surrounding the project. He stated that the accusations currently circulating are "completely false on a factual level" and represent "maliciously intended opinion manipulation without evidence." In response to questions regarding "sell-off accusations, CZ's involvement, and whether the project is 'exiting liquidity'," Leonard clarified: CZ is merely an advisor to the project, and the investment from Yzi Labs is in a long-term lock-up; Aster operates as an independent project, not controlled or directly operated by CZ or Binance entities. The related accusations are "baseless."He also emphasized that the token release and buyback follow a publicly available token economic model, aimed at incentivizing ecosystem participants rather than facilitating sell-offs. The project has recently upgraded its buyback mechanism, executing daily automatic buybacks on-chain (funded by protocol revenue) to enhance transparency and predictability. Leonard provided the following on-chain verifiable data: a total buyback of 254 million tokens; 78 million tokens have been burned, and an equivalent amount of tokens has been re-locked into the airdrop pool; plans to burn all remaining repurchased tokens in the future.The next development focus for the project includes: expanding asset liquidity and accelerating new listings; a privacy-first Layer 1 network expected to launch in March, achieving both verifiable transactions and privacy protection; subsequently introducing staking features for token holders; optimizing trading experience and interface design. The optimization direction for the token economic model includes: S6 being the last phase of trading airdrops, with future circulation growth expected to slow down; pausing the monthly 1% unlock until staking is live; and continuing to execute automatic buybacks (with up to 80% of fees used for buybacks during S6).

Binance plans to fully repay GoFi's debts and strives for a leading position in the South Korean market

According to market news, Binance's head of the Asia-Pacific region, SB Seker, stated that Binance will complete compensation for users of the GoFi service under South Korea's Gopax within this year to address the liquidity crisis that has persisted since 2023. The compensation will be made in the exact same amount of cryptocurrency as the users' losses. A dedicated wallet has been prepared, containing assets such as 775.11 BTC and 5766.62 ETH, and is awaiting final approval from the relevant South Korean authorities.After completing the compensation, Binance plans to shift its focus to enhancing Gopax's technology and security standards, and is considering incorporating it into the Binance brand system at an appropriate time. In the long term, Binance will focus on areas such as stablecoins, real asset tokenization, and institutional services in the South Korean market, planning to collaborate with local institutions to launch a Korean won-pegged stablecoin and security token products. Although South Korean regulators have proposed limiting the shareholding ratio of major shareholders in exchanges to 15% to 20%, while Binance currently holds over 67% of Gopax's shares, Seker stated that they have sufficient experience to respond to this. He mentioned that South Korea is the pinnacle of digital assets in the Asia-Pacific region and is expected to become one of the top three digital asset centers globally. Binance will compete vigorously for market leadership in the next three to five years.
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